SIGMA, the Solana-based meme coin inspired by the “Sigma Man” archetype, has experienced an impressive surge. Are we witnessing the creation of a new cult in the world of meme coins?
This coin embodies the concept of the self-reliant, independent individual who defies social norms. The meme is viral on social media platforms like TikTok and Instagram. The Sigma Man archetype appeals to those seeking personal resilience in uncertain times, making SIGMA a cultural movement.
$SIGMA catching up quickly to the other cult coins
Blink and we'll be at 200m. Take a nap and we'll be at 300m pic.twitter.com/4mqmfBbAEe
— TheJordude (@TheJordude) November 7, 2024
SIGMA Price Update: SIGMA Meme Coin Smashes New ATH
Since our last report, SIGMA has broken through its previous ATH and reached a new high of $145M market cap. The chart shows a strong uptrend, supported by a rising moving average and a recent RSI of around 60.5.
This might suggest there might be room for further upside. However, some consolidation could be expected after such a rapid increase.
Despite a slight dip in the past few hours, it remains well above key support levels, signaling continued interest and momentum in the market.
A major support could be found at around $0.08. Here, the price bounced several times – offering a bullish foothold.
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Are We Watching The Raising Of A New Cult Meme Coin?
$SIGMA catching up quickly to the other cult coins
Blink and we'll be at 200m. Take a nap and we'll be at 300m pic.twitter.com/4mqmfBbAEe
— TheJordude (@TheJordude) November 7, 2024
Some speculate this Solana meme coin could be one of those “cults” Murad, the well-known influencer, is bullish on in the potential upcoming meme coin SuperCycle.
Murad has suggested that coins with a strong cultural narrative and loyal following could be poised to explode in value during this cycle.
SIGMA certainly fits this bill, appealing to individuals who identify with the Sigma Man’s values of independence and self-reliance.
If the “Sigma Man” movement keeps spreading and this trend gains more traction, SIGMA may continue its climb, potentially pushing toward new highs in the near future.
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